$8,000
$10,000
20.0%For more information regarding the value of a property, please contact us for a free consultation.
4,500 SqFt
SOLD DATE : 06/24/2020
Key Details
Sold Price $8,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $1
Subdivision Bassett & Smiths Puritan Ave (Plats)
MLS Listing ID 219057066
Sold Date 06/24/20
Originating Board Realcomp II Ltd
Year Built 2010
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 60.00X100.00
Property Description
This vacant structure presents an awesome opportunity.Great for experienced investors. The seller is the Detroit Land Bank Authority.All offers must be supported by Proof of Funds for both the Purchase Price, as well as the construction costs. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.’ Please see attached documents for requirements. BATVAI
Location
State MI
County Wayne
Area Det 6-Tire - Grnfld - Livernois
Zoning Commercial
Direction TAKE MCNICHOLS HEADED EAST PASS SCHAEFER TO MEYERS MAKE A RIGHT
Interior
Heating Forced Air
Heat Source Natural Gas
Exterior
Waterfront no
Road Frontage Paved
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Level or Stories 1 Story
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W22I020257C9
Ownership Government Owned,Short Sale - No
SqFt Source PRD
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Full Service
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Bought with Coldwell Banker Professionals
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Managing Partner | License ID: 6506046014
280 North Old Woodward Avenue, Suite 100, Birmingham, MI, 48009, United States